Back from financial 'darkness', Argentina borrows $16.5 bn

Argentina borrowed $16.5 billion on Tuesday in its triumphant return to international credit markets 15 years after a disastrous default, the government said. Finance Minister Alfonso Prat-Gay said Argentina raised billions more in sovereign bonds than it had planned in the country’s first debt auction since the default in 2001. “The 2001 default phase is now definitively closed,” Prat-Gay told a news conference.